transparency

University Park Firemen's Relief & Retirement Fund

Overview

Contact Information:
3800 University Blvd
Dallas, TX 75205
http://www.uptexas.org
Phone: (214) 987-5380
Fax: None Reported

Classification: TLFFRA
Year Created:
Fiscal Year-End Month: 12

Total Members : 75

  Active Members: 28
  Inactive Members : 0
  Total Annuitants: 47
  (Effective Date: 12/31/2021)

Financials

(Effective Date: 12/31/2021)

Total Net Assets: $12,989,693

Total Assets : $13,007,276
Total Liabilities : $17,583
Total Additions : $3,043,633
Employer Contributions:
$1,422,524
46.74%
Employee Contributions:
$331,198
10.88%
Other Contributions:
$0
0.00%
Investment Income:
$1,289,911
42.38%
Other Income:
$0
0.00%

Total Deductions  : $1,910,748
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$1,792,505
93.81%
Administrative Expenses:
$13,860
0.73%
Investment Expenses:
$104,383
5.46%
Other Expenses:
$0
0.00%
Total Contribution Rate: 43.43%
(Effective Date: 12/31/2020)
Employer: 10.00%
Employee: 53.43%

Historical Investment Returns

(Report Date: 12/31/2021)
—  Assumed Rate of Return 7.25%
  • 1-Year Return: 9.90%
  • 3-Year Return: 13.31%
  • 10-Year Return: 7.88%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.25%

Actuarial

(Effective Date: 12/31/2020)
Actuarial Value of Assets : $11,856,807
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $11,317,536
Actuarial Assumption Details

Actuarial Funded Ratio : 42.25%

Market Funded Ratio: 44.26%

Amortization Period (Yrs) : 26.75
Unfunded Liability : $15,469,293
Unfunded Liability per Member: $206,257

Benefit Tier Details

Eligible Members:
Hired before 9/1/2017
Vesting:
Graded 100% at 20 YCS
Age/YCS:
50/20
Benefit Formula:
60% x Final Average Salary for YCS<= 20 + $80 x YCS > 20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 2 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
Yes

Investment Policy Details

Effective Date: 2/1/2010

Asset Class:
Fixed Income
Minimum Allocation:
20%
Maximum Allocation:
60%
Target Allocation:
40%
Asset Class:
Cash
Minimum Allocation:
0%
Maximum Allocation:
10%
Target Allocation:
0%
Asset Class:
Equities
Minimum Allocation:
40%
Maximum Allocation:
80%
Target Allocation:
60%